Nicolet Advisory Services LLC Reduces Holdings in Tesla, Inc. (NASDAQ:TSLA)

Nicolet Advisory Services LLC lessened its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,274 shares of the electric vehicle producer’s stock after selling 770 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Tesla were worth $3,266,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Rangeley Capital LLC acquired a new position in shares of Tesla in the 4th quarter valued at $302,000. Disciplined Investors L.L.C. acquired a new stake in shares of Tesla during the fourth quarter valued at about $338,000. SevenBridge Financial Group LLC raised its stake in shares of Tesla by 34.3% in the 4th quarter. SevenBridge Financial Group LLC now owns 1,119 shares of the electric vehicle producer’s stock valued at $452,000 after acquiring an additional 286 shares during the period. OneAscent Financial Services LLC lifted its holdings in shares of Tesla by 53.7% in the 4th quarter. OneAscent Financial Services LLC now owns 8,181 shares of the electric vehicle producer’s stock worth $3,304,000 after acquiring an additional 2,859 shares during the last quarter. Finally, Creekmur Asset Management LLC increased its holdings in Tesla by 40.1% in the 4th quarter. Creekmur Asset Management LLC now owns 1,219 shares of the electric vehicle producer’s stock valued at $492,000 after purchasing an additional 349 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director James R. Murdoch sold 54,776 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $240.79, for a total value of $13,189,513.04. Following the completion of the sale, the director now owns 477,011 shares in the company, valued at approximately $114,859,478.69. This trade represents a 10.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 2,672 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $268.73, for a total value of $718,046.56. Following the completion of the sale, the chief financial officer now directly owns 26,950 shares of the company’s stock, valued at $7,242,273.50. This represents a 9.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 477,228 shares of company stock valued at $166,849,043 over the last three months. 20.70% of the stock is currently owned by company insiders.

Tesla Trading Up 5.3 %

NASDAQ TSLA opened at $282.76 on Thursday. The firm’s fifty day moving average is $312.22 and its two-hundred day moving average is $323.20. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The firm has a market cap of $909.50 billion, a PE ratio of 138.61, a P/E/G ratio of 5.86 and a beta of 2.50.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. Analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Evercore ISI raised their price target on Tesla from $195.00 to $275.00 and gave the stock an “in-line” rating in a research report on Friday, January 3rd. Glj Research reaffirmed a “buy” rating on shares of Tesla in a research report on Tuesday, March 11th. Robert W. Baird reduced their price target on shares of Tesla from $440.00 to $370.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. HSBC dropped their price objective on shares of Tesla from $165.00 to $130.00 and set a “reduce” rating for the company in a report on Thursday, March 27th. Finally, Wells Fargo & Company decreased their price target on shares of Tesla from $135.00 to $130.00 and set an “underweight” rating for the company in a research report on Friday, March 14th. Nine analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $317.75.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.